Chapter 15.III, Problem 6RE

BuyFind*arrow_forward*

8th Edition

Robert Brechner + 1 other

ISBN: 9781305585447

Textbook Problem

Marketable |
Accounts |
Quick |
Acid Test | ||

Company |
Cash |
Securities |
Receivable |
Assets |
Ratio |

6. Super-saver, Inc. | $39,350 | $95,000 | $52,770 | $187,120 | 1.42:1 |

**Use the additional financial information below to calculate the quick assets and acid test ratio for the companies in Questions 1 -5.**

Company |
CurrentAssets |
CurrentLiabilities |
WorkingCapital |
CurrentRatio |

1. Super-Saver. Inc. | $450,000 | $132,000 | $318,000 | 3.41:1 |

2. Impact Builders, Inc. | $125,490 | $74,330 | ||

3. Thunderbird Electronics. Inc. | $14,540 | $19,700 | ||

4. Forget-Me-Not Flowers | $3,600 | $1,250 | ||

S. Shutterbug Cameras | $1,224,500 | $845,430 |

To determine

**To calculate:** The number of quick assets and the acid test ratio for the company Super-Saver Inc. which has a cash balance of

Explanation

**Given Information:**

The company Super-Saver Inc. has a cash balance of

**Formula used:**

The formula for the quick assets is,

The formula for the acid test ratio is,

**Calculation:**

Consider that company Super-Saver Inc. has a cash balance of

Sect-15.I P-1TIESect-15.I P-2TIESect-15.I P-3TIESect-15.I P-1RESect-15.I P-2RESect-15.I P-3RESect-15.I P-4RESect-15.I P-5RESect-15.I P-6RESect-15.I P-7RE

Sect-15.I P-8RESect-15.I P-9RESect-15.I P-10RESect-15.I P-11RESect-15.I P-12RESect-15.I P-13RESect-15.I P-14RESect-15.I P-15RESect-15.I P-16RESect-15.I P-17RESect-15.I P-18RESect-15.I P-19RESect-15.I P-20RESect-15.I P-21RESect-15.I P-22RESect-15.I P-23RESect-15.I P-24RESect-15.I P-25RESect-15.I P-26RESect-15.I P-27RESect-15.I P-28RESect-15.I P-29RESect-15.I P-30RESect-15.I P-31RESect-15.I P-32RESect-15.I P-33RESect-15.I P-34RESect-15.I P-35RESect-15.II P-4TIESect-15.II P-5TIESect-15.II P-6TIESect-15.II P-1RESect-15.II P-2RESect-15.II P-3RESect-15.II P-4RESect-15.II P-5RESect-15.II P-6RESect-15.II P-7RESect-15.II P-8RESect-15.II P-9RESect-15.II P-10RESect-15.II P-11RESect-15.II P-12RESect-15.II P-13RESect-15.II P-14RESect-15.II P-15RESect-15.III P-7TIESect-15.III P-8TIESect-15.III P-1RESect-15.III P-2RESect-15.III P-3RESect-15.III P-4RESect-15.III P-5RESect-15.III P-6RESect-15.III P-7RESect-15.III P-8RESect-15.III P-9RESect-15.III P-10RESect-15.III P-11RESect-15.III P-12RESect-15.III P-13RESect-15.III P-14RESect-15.III P-15RESect-15.III P-16RESect-15.III P-17RESect-15.III P-18RESect-15.III P-19RESect-15.III P-20RESect-15.III P-21RESect-15.III P-22RESect-15.III P-23RESect-15.III P-24RESect-15.III P-25RESect-15.III P-26RESect-15.III P-27RESect-15.III P-28RESect-15.III P-29RESect-15.III P-30RESect-15.III P-31RESect-15.III P-32RESect-15.III P-33RECh-15 P-1CRCh-15 P-2CRCh-15 P-3CRCh-15 P-4CRCh-15 P-5CRCh-15 P-6CRCh-15 P-7CRCh-15 P-8CRCh-15 P-9CRCh-15 P-10CRCh-15 P-11CRCh-15 P-12CRCh-15 P-13CRCh-15 P-14CRCh-15 P-1ATCh-15 P-2ATCh-15 P-3ATCh-15 P-4ATCh-15 P-5ATCh-15 P-6ATCh-15 P-7ATCh-15 P-8ATCh-15 P-9ATCh-15 P-10ATCh-15 P-11ATCh-15 P-12ATCh-15 P-13ATCh-15 P-14ATCh-15 P-15ATCh-15 P-16ATCh-15 P-17ATCh-15 P-18ATCh-15 P-19ATCh-15 P-20ATCh-15 P-21ATCh-15 P-22ATCh-15 P-23ATCh-15 P-24AT

Elementary Geometry For College Students, 7e

Elementary Technical Mathematics

Essentials of Statistics for The Behavioral Sciences (MindTap Course List)

Calculus: Early Transcendentals

Mathematical Excursions (MindTap Course List)

Statistics for The Behavioral Sciences (MindTap Course List)

Finite Mathematics and Applied Calculus (MindTap Course List)

Finite Mathematics

Calculus: Early Transcendental Functions

Single Variable Calculus

Mathematical Applications for the Management, Life, and Social Sciences

Single Variable Calculus: Early Transcendentals, Volume I

Applied Calculus for the Managerial, Life, and Social Sciences: A Brief Approach

Essentials Of Statistics

Applied Calculus

Precalculus: Mathematics for Calculus (Standalone Book)

Understanding Basic Statistics

Calculus: An Applied Approach (MindTap Course List)

Multivariable Calculus

Intermediate Algebra

Calculus (MindTap Course List)

Probability and Statistics for Engineering and the Sciences

Calculus of a Single Variable

Calculus: Early Transcendental Functions (MindTap Course List)

Trigonometry (MindTap Course List)

Single Variable Calculus: Early Transcendentals

Elements Of Modern Algebra

Study Guide for Stewart's Multivariable Calculus, 8th

Elementary Geometry for College Students

Finite Mathematics for the Managerial, Life, and Social Sciences

Study Guide for Stewart's Single Variable Calculus: Early Transcendentals, 8th

Introduction To Statistics And Data Analysis

Mathematics For Machine Technology

Research Methods for the Behavioral Sciences (MindTap Course List)

Statistics for Business & Economics, Revised (MindTap Course List)

STATISTICS F/BUSINESS+ECONOMICS-TEXT

Calculus (MindTap Course List)

College Algebra (MindTap Course List)

Multivariable Calculus

Research Methods for the Behavioral Sciences (MindTap Course List)